Client's 2023 return (MFJ, NY resident) included estimated tax payments for 2024. Client opted to stuff all the estimated tax payments into his December IRS wit... read more
I have a NY S-Corp that had some income in CA. the taxable income that passes thru to CA is 5 times what the Fed net is. First, why is that happening? I can't f... read more
Hello everyone,I am trying to figure out the following scenario for a self-employed client. A client purchased a car using finance with a trade-in. I am trying ... read more
Client's brother Jim died 2/14/2023 at age 82. No distribution from his ROTH account made prior to death.Beneficiary is brother Richard age 79.What is distribut... read more
As a pass through a client must file a SCH C with their 1040. If they elect to become a S Corp filing form 2553, does this mean they have to file an 1120 for th... read more
Has anyone else had issues with syncing their clients from ProConnect into Tax Advisor?I tried creating a tax plan for a new client in ProConnect, with 50 tax c... read more
When Intuit tax advisors computes net savings from 401K Strategy, it computes cash expended to fund the 401K net of tax savings. What about if they contributed ... read more
I have a plan where the taxpayer no longer has a W-2 from an employer. I have cleared the W-2 data and manually adjusted the state tax payments on the federal s... read more